Advancing Mining’s Economic Potential
Advancing Mining’s Economic Potential
While northeastern Minnesota has made great strides in recent years to diversify its economy, these efforts have not produced or replaced the high-paying skilled and professional jobs offered by the mining industry.
Economic impact of non-ferrous mining
Development of non-ferrous minerals – copper, nickel and precious metals – offers a perishable opportunity for large-scale economic development and new job creation in northeastern Minnesota. Commercial development of these projects will revitalize the area and provide enduring employment for decades to come.
- PolyMet’s NorthMet Project and Franconia’s Birch Lake and Maturi projects will each require 400 to 800 workers during construction and will, in total, require about 800 full-time skilled and professional employees.
- The new employment and related “spin-off” jobs generated by these developments in supplier and support businesses will help stabilize declining communities and local school systems.
- Base and precious metal mines will produce significant new streams of tax revenues to support government and public services.
A new base and precious metals industry will provide for renewal and growth for northeastern Minnesota by:
- creating hundreds of construction jobs, followed by hundreds of full-time permanent direct and ancillary jobs, including career opportunities for geologists, engineers and other mining professionals;
- stabilizing communities and schools;
- paying substantial taxes to support schools and communities;
- paying, where applicable, royalties to the state and federal government, which in turn benefit schools, local communities and the University of Minnesota system.